Market Data as of August 31, 2026
The West — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
The West at 1117 - 1119 Cooke Blvd in Burlington's Aldershot neighborhood is an established 168-suite development built in 2021 by Adi Development Group. Active inventory stands at 8 listings, representing an availability rate of 4.8 percent. Over the past 90 days, the building recorded 7 closed leases averaging 39 days on market, alongside 1 closed lease in the past 30 days averaging 55 days on market.
Active asking rents average $2,238 per month at $4.21 per square foot, tracking above the realized 90-day average lease of $2,128 per month at $3.52 per square foot, driven primarily by smaller average square footages in active inventory (590 square feet) compared to historical leases (632 square feet). The active asking rate of $4.21 per square foot sits 9.9 percent above the broader Aldershot submarket asking benchmark of $3.83 per square foot.
Tenant negotiations favor prospective renters in this building, with 60.0 percent of recent leases closing below asking for an average monthly discount of $60 or 2.77 percent, while delisted unrented units achieved parity with realized leases. Deepest inventory selection centers on 2-bedroom layouts holding a 50 percent share, whereas studios, 1-bedroom, and 1-bedroom plus den suites maintain limited availability.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at The West as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at The West recently?
The West features 8 active listings as of August 31, 2026, with asking rents spanning from $1,850 to $2,550 per month, an average of $2,238 per month, and a median of $2,150 per month. Active suites average 590 square feet at an asking rate of $4.21 per square foot. Inventory leans toward multi-bedroom layouts, with 2-bedroom floor plans capturing half of all active availability.
What floor plans and unit layouts are currently available at The West?
The dominant active layout at The West is the 2-Bedroom suite, which accounts for 4 listings and a 50 percent share of current inventory with an average rent of $2,413 per month across 530 square feet at $5.18 per square foot. 1-Bedroom suites represent 2 units or a 25 percent share, averaging $2,100 per month across 600 square feet at $3.52 per square foot. Single-listing tiers include a 1-Bedroom + Den layout asking $2,200 per month across 850 square feet at $2.59 per square foot, alongside a Studio suite asking $1,850 per month across 550 square feet at $3.36 per square foot.
What is the average asking rent and $/SF by suite size at The West?
The West exhibits a minimum entry rent of $1,850 per month and a peak asking rent of $2,550 per month, creating a dollar spread of $700 per month or a 37.8 percent spread across active listings. Median asking rent rests at $2,150 per month. The entry-level option consists of a Studio suite spanning 550 square feet at an asking rate of $3.36 per square foot, while the peak tier comprises a 2-Bedroom suite spanning 359 square feet at an asking rate of $7.10 per square foot.
How much extra do parking spaces and dens cost at The West?
The West commands an active den premium of $100 per month for an additional 250 square feet of space, yielding a marginal cost of $0.40 per square foot for the extra den area. Active parking premium data cannot be reliably isolated due to an insufficient sample or anomalous outliers among current listings.
How do asking rents at The West compare to local and municipal benchmarks?
The West asks an average rent of $2,238 per month at $4.21 per square foot, comparing to the Aldershot submarket asking benchmark of $2,257 per month at $3.83 per square foot. The slightly lower nominal monthly outlay at the building stems from compact suite configurations rather than lower underlying pricing. The building's asking rate per square foot sits 9.9 percent above the submarket asking benchmark, backed by 8 active listings representing 72.7 percent of the submarket's 11 active inventory units.
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at The West (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at The West last month, and how fast did they rent?
At The West, the 30-day average days on market is 55 days, the 90-day average days on market is 39 days, and the broader Aldershot submarket benchmark sits at 37 days. Tracking closed lease counts shows 1 deal completed over the past 30 days, 7 deals closed across the trailing 90 days, and 10 total transactions recorded over the lifetime history. Leasing velocity decelerated over the late summer months as fewer active listings cleared the market compared to the spring peak.
What is the negotiation spread between asking rents and closed lease prices at The West?
At The West, leases closed with an average tenant discount of $60 per month, representing a 2.77% reduction from initial asking prices and saving tenants $720 per year in housing costs. Exactly 60.0% of all closed leases secured concessions below the initial asking rent, highlighting a tenant-favorable leasing environment where landlords adjusted expectations to secure occupancy.
What are typical executed lease prices across different layouts at The West?
The two highest-volume anchor layouts at The West are 2-Bedroom suites averaging $2,424 per month over 32 days on market and 1-Bedroom suites averaging $2,000 per month over 30 days on market. For the 2-Bedroom tier, this represents a small sample across 4 closed leases with a median rent of $2,425 per month, a P25-P75 range of $2,336 to $2,512 per month, an average size of 781 square feet, and $3.11 per square foot. For the 1-Bedroom tier, this represents a small sample across 3 closed leases with a median rent of $2,000 per month, a P25-P75 range of $1,925 to $2,075 per month, an average size of 518 square feet, and $3.88 per square foot. The 1-Bedroom + Den tier represents a small sample across 2 closed leases averaging $2,050 per month with a median of $2,050 per month, a P25-P75 range of $2,025 to $2,075 per month, an average size of 622 square feet, $3.30 per square foot, and 60 days on market. The Studio tier represents an individual single deal across 1 closed lease with an average and median rent of $1,799 per month, a P25-P75 range of $1,799 to $1,799 per month, an average size of 400 square feet, $4.50 per square foot, and 54 days on market (note that this represents an individual deal rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at The West?
At The West, verified realized parking premiums averaged $225 per month for spaces successfully attached to closed leases. Suite bundling patterns indicate that parking stalls are commonly included or negotiated as part of larger multi-bedroom floor plans. Active asking parking rates lack sufficient paired sample data to isolate an independent premium, meaning prospective tenants should evaluate parking inclusions on a unit-by-unit basis.
How does the lease-to-listing ratio at The West reflect current tenant demand?
At The West, overall rental rates experienced moderate fluctuation across the tracked monthly timeline from spring through late summer. In April 2026, 1 closed deal averaged $2,350 per month at $2.86 per square foot over 48 days on market. In May 2026, 2 closed deals averaged $2,175 per month at $3.84 per square foot over 32 days on market. In June 2026, 2 closed deals averaged $1,925 per month at $3.73 per square foot over 63 days on market. In July 2026, 4 closed deals averaged $2,261 per month at $3.38 per square foot over 24 days on market. In August 2026, 1 closed deal averaged $2,000 per month at $3.64 per square foot over 55 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 4 | 2037 | 486 | 4.27 | 29 |
| 2026-04-28 | 4 | 2037 | 486 | 4.27 | 30 |
| 2026-04-29 | 4 | 2037 | 486 | 4.27 | 31 |
| 2026-04-30 | 4 | 2037 | 486 | 4.27 | 32 |
| 2026-05-01 | 4 | 2037 | 486 | 4.27 | 33 |
| 2026-05-02 | 4 | 2037 | 486 | 4.27 | 34 |
| 2026-05-03 | 4 | 2037 | 486 | 4.27 | 35 |
| 2026-05-04 | 4 | 2037 | 486 | 4.27 | 36 |
| 2026-05-05 | 4 | 2037 | 486 | 4.27 | 37 |
| 2026-05-06 | 5 | 2140 | 549 | 4.05 | 30 |
| 2026-05-07 | 5 | 2140 | 549 | 4.05 | 31 |
| 2026-05-08 | 5 | 2140 | 549 | 4.05 | 32 |
| 2026-05-09 | 5 | 2140 | 549 | 4.05 | 33 |
| 2026-05-10 | 5 | 2140 | 549 | 4.05 | 34 |
| 2026-05-11 | 5 | 2140 | 549 | 4.05 | 35 |
| 2026-05-12 | 5 | 2140 | 549 | 4.05 | 36 |
| 2026-05-13 | 5 | 2140 | 549 | 4.05 | 37 |
| 2026-05-14 | 5 | 2140 | 549 | 4.05 | 38 |
| 2026-05-15 | 5 | 2140 | 549 | 4.05 | 39 |
| 2026-05-16 | 4 | 2037 | 486 | 4.27 | 48 |
| 2026-05-17 | 4 | 2037 | 486 | 4.27 | 49 |
| 2026-05-18 | 3 | 2083 | 514 | 4.10 | 48 |
| 2026-05-19 | 3 | 2083 | 514 | 4.10 | 49 |
| 2026-05-20 | 3 | 2083 | 514 | 4.10 | 50 |
| 2026-05-21 | 3 | 2083 | 514 | 4.10 | 51 |
| 2026-05-22 | 2 | 2225 | 572 | 3.91 | 52 |
| 2026-05-23 | 2 | 2225 | 572 | 3.91 | 53 |
| 2026-05-24 | 2 | 2225 | 572 | 3.91 | 54 |
| 2026-05-25 | 2 | 2225 | 572 | 3.91 | 55 |
| 2026-05-26 | 2 | 2225 | 572 | 3.91 | 56 |
| 2026-05-27 | 2 | 2225 | 572 | 3.91 | 57 |
| 2026-05-28 | 2 | 2225 | 572 | 3.91 | 58 |
| 2026-05-29 | 2 | 2225 | 572 | 3.91 | 59 |
| 2026-05-30 | 2 | 2225 | 572 | 3.91 | 60 |
| 2026-05-31 | 2 | 2225 | 572 | 3.91 | 61 |
| 2026-06-01 | 2 | 2225 | 572 | 3.91 | 62 |
| 2026-06-02 | 3 | 2100 | 532 | 3.97 | 42 |
| 2026-06-03 | 3 | 2100 | 532 | 3.97 | 43 |
| 2026-06-04 | 3 | 2100 | 532 | 3.97 | 44 |
| 2026-06-05 | 5 | 2169 | 501 | 4.53 | 27 |
| 2026-06-06 | 6 | 2233 | 477 | 4.96 | 23 |
| 2026-06-07 | 6 | 2233 | 477 | 4.96 | 24 |
| 2026-06-08 | 6 | 2233 | 477 | 4.96 | 25 |
| 2026-06-09 | 8 | 2293 | 546 | 4.54 | 20 |
| 2026-06-10 | 8 | 2293 | 546 | 4.54 | 21 |
| 2026-06-11 | 8 | 2293 | 546 | 4.54 | 22 |
| 2026-06-12 | 7 | 2335 | 545 | 4.67 | 25 |
| 2026-06-13 | 7 | 2335 | 545 | 4.67 | 26 |
| 2026-06-14 | 7 | 2335 | 545 | 4.67 | 27 |
| 2026-06-15 | 7 | 2335 | 545 | 4.67 | 28 |
| 2026-06-16 | 7 | 2335 | 545 | 4.67 | 29 |
| 2026-06-17 | 7 | 2335 | 545 | 4.67 | 30 |
| 2026-06-18 | 7 | 2335 | 545 | 4.67 | 31 |
| 2026-06-19 | 6 | 2374 | 537 | 4.86 | 20 |
| 2026-06-20 | 6 | 2374 | 537 | 4.86 | 21 |
| 2026-06-21 | 6 | 2374 | 537 | 4.86 | 22 |
| 2026-06-22 | 5 | 2479 | 554 | 5.01 | 23 |
| 2026-06-23 | 6 | 2433 | 570 | 4.74 | 20 |
| 2026-06-24 | 7 | 2392 | 567 | 4.62 | 18 |
| 2026-06-25 | 7 | 2392 | 567 | 4.62 | 19 |
| 2026-06-26 | 7 | 2392 | 567 | 4.62 | 20 |
| 2026-06-27 | 7 | 2392 | 567 | 4.62 | 21 |
| 2026-06-28 | 7 | 2392 | 567 | 4.62 | 22 |
| 2026-06-29 | 7 | 2392 | 567 | 4.62 | 23 |
| 2026-06-30 | 7 | 2392 | 567 | 4.62 | 24 |
| 2026-07-01 | 7 | 2392 | 567 | 4.62 | 25 |
| 2026-07-02 | 6 | 2399 | 570 | 4.68 | 19 |
| 2026-07-03 | 7 | 2364 | 567 | 4.57 | 17 |
| 2026-07-04 | 7 | 2364 | 567 | 4.57 | 18 |
| 2026-07-05 | 7 | 2364 | 567 | 4.57 | 19 |
| 2026-07-06 | 6 | 2391 | 553 | 4.77 | 22 |
| 2026-07-07 | 6 | 2391 | 553 | 4.77 | 23 |
| 2026-07-08 | 5 | 2439 | 554 | 4.94 | 26 |
| 2026-07-09 | 5 | 2439 | 554 | 4.94 | 27 |
| 2026-07-10 | 5 | 2439 | 554 | 4.94 | 28 |
| 2026-07-11 | 5 | 2439 | 554 | 4.94 | 29 |
| 2026-07-12 | 5 | 2439 | 554 | 4.94 | 30 |
| 2026-07-13 | 3 | 2417 | 423 | 6.04 | 28 |
| 2026-07-14 | 3 | 2417 | 423 | 6.04 | 29 |
| 2026-07-15 | 3 | 2417 | 423 | 6.04 | 30 |
| 2026-07-16 | 3 | 2417 | 423 | 6.04 | 31 |
| 2026-07-17 | 3 | 2417 | 423 | 6.04 | 32 |
| 2026-07-18 | 3 | 2417 | 423 | 6.04 | 33 |
| 2026-07-19 | 3 | 2417 | 423 | 6.04 | 34 |
| 2026-07-20 | 3 | 2417 | 423 | 6.04 | 35 |
| 2026-07-21 | 3 | 2417 | 423 | 6.04 | 36 |
| 2026-07-22 | 4 | 2363 | 530 | 5.18 | 28 |
| 2026-07-23 | 4 | 2363 | 530 | 5.18 | 29 |
| 2026-07-24 | 4 | 2363 | 530 | 5.18 | 30 |
| 2026-07-25 | 4 | 2363 | 530 | 5.18 | 31 |
| 2026-07-26 | 4 | 2363 | 530 | 5.18 | 32 |
| 2026-07-27 | 4 | 2363 | 530 | 5.18 | 33 |
| 2026-07-28 | 4 | 2363 | 530 | 5.18 | 34 |
| 2026-07-29 | 4 | 2363 | 530 | 5.18 | 35 |
| 2026-07-30 | 4 | 2363 | 530 | 5.18 | 36 |
| 2026-07-31 | 4 | 2363 | 530 | 5.18 | 37 |
| 2026-08-01 | 4 | 2363 | 530 | 5.18 | 38 |
| 2026-08-02 | 4 | 2363 | 530 | 5.18 | 39 |
| 2026-08-03 | 4 | 2363 | 530 | 5.18 | 40 |
| 2026-08-04 | 4 | 2363 | 530 | 5.18 | 41 |
| 2026-08-05 | 4 | 2363 | 530 | 5.18 | 42 |
| 2026-08-06 | 4 | 2363 | 530 | 5.18 | 43 |
| 2026-08-07 | 4 | 2363 | 530 | 5.18 | 44 |
| 2026-08-08 | 4 | 2363 | 530 | 5.18 | 45 |
| 2026-08-09 | 4 | 2363 | 530 | 5.18 | 46 |
| 2026-08-10 | 4 | 2363 | 530 | 5.18 | 47 |
| 2026-08-11 | 4 | 2363 | 530 | 5.18 | 48 |
| 2026-08-12 | 4 | 2363 | 530 | 5.18 | 49 |
| 2026-08-13 | 4 | 2363 | 530 | 5.18 | 50 |
| 2026-08-14 | 5 | 2310 | 534 | 4.90 | 41 |
| 2026-08-15 | 5 | 2310 | 534 | 4.90 | 42 |
| 2026-08-16 | 6 | 2333 | 570 | 4.63 | 36 |
| 2026-08-17 | 6 | 2333 | 570 | 4.63 | 37 |
| 2026-08-18 | 7 | 2264 | 567 | 4.45 | 32 |
| 2026-08-19 | 7 | 2264 | 567 | 4.45 | 33 |
| 2026-08-20 | 7 | 2264 | 567 | 4.45 | 34 |
| 2026-08-21 | 7 | 2264 | 567 | 4.45 | 35 |
| 2026-08-22 | 7 | 2264 | 567 | 4.45 | 36 |
| 2026-08-23 | 7 | 2264 | 567 | 4.45 | 37 |
| 2026-08-24 | 7 | 2264 | 567 | 4.45 | 38 |
| 2026-08-25 | 7 | 2264 | 567 | 4.45 | 39 |
| 2026-08-26 | 7 | 2264 | 567 | 4.45 | 40 |
| 2026-08-27 | 6 | 2283 | 570 | 4.54 | 39 |
| 2026-08-28 | 7 | 2257 | 581 | 4.35 | 34 |
| 2026-08-29 | 8 | 2238 | 590 | 4.21 | 31 |
| 2026-08-30 | 8 | 2238 | 590 | 4.21 | 32 |
| 2026-08-31 | 8 | 2238 | 590 | 4.21 | 33 |
12-Month Market Dynamics & Trend Trajectory
The West has established a steady leasing history characterized by 10 lifetime transactions averaging $2,159 per month at $3.52 per square foot across an average suite size of 632 square feet. The average days on market stands at 39 days, reflecting healthy tenant turnover and consistent demand within the Aldershot submarket of Burlington. Pricing discipline at the property leans clearly in favor of incoming occupants, with 60% of transactions closing below initial asking rents and generating an average monthly discount of $60. Landlords have shown willingness to offer concessions and moderate their rate expectations, allowing tenants to capture consistent savings below initial asking figures.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-10 | 1 | 2550 | 800 | 3.19 | 10 |
| 2026-05-17 | 1 | 1799 | 400 | 4.50 | 54 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 1 | 2000 | 593 | 3.37 | 106 |
| 2026-06-21 | 1 | 1850 | 453 | 4.08 | 20 |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 2 | 2125 | 600 | 3.57 | 14 |
| 2026-07-12 | 2 | 2398 | 750 | 3.20 | 34 |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2000 | 550 | 3.64 | 55 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
The competitive set for The West at 1117 - 1119 Cooke Blvd includes Seasons Condominiums at 34 Plains Rd E (located 0.43 km away, built in 2017, with 1 active listing), an un-named residential development at 1093 Gallagher Road (located 0.71 km away, built in 2026, with 0 active listings), Affinity Condominiums - Building A at 320 Plains Rd E (located 1.06 km away, built in 2020, with 2 active listings), and Affinity East Condominiums at 340 Plains Rd E (located 1.12 km away, built in 2020, with 4 active listings). These properties represent a mix of modern mid-rise condominium generations constructed between 2017 and 2026 within the Aldershot submarket. Across these immediate competitors, the overall micro-market benchmarks stand at an average rent of $2,309 per month, a rate of $3.37 per square foot, and an average suite size of 691 square feet. Positioned within this comparative landscape, The West delivers an established 168-suite development built in 2021, trading at a competitive rate per square foot that reflects its modern construction era relative to slightly older or newer neighborhood alternatives.
Comparable Analysis & Questions
How do rental rates at The West compare to neighbouring buildings within Aldershot?
The West achieves an average lease rent of $2,159 per month, which sits below the overall comparative submarket average of $2,309 per month across nearby properties including Seasons Condominiums, Affinity Condominiums - Building A, and Affinity East Condominiums. Seasons Condominiums at 34 Plains Rd E records an average lease rent of $2,250 per month at $3.46 per square foot across an average of 650 square feet. Affinity Condominiums - Building A at 320 Plains Rd E registers an average lease rent of $2,213 per month at $3.57 per square foot across 623 square feet. Affinity East Condominiums at 340 Plains Rd E reports an average lease rent of $2,463 per month at $3.08 per square foot across an average of 801 square feet.
Does The West offer a competitive price-per-square-foot ($/SF) against local comparables?
The West establishes its value proposition by offering an efficient average lease rate of $3.52 per square foot across an average suite size of 632 square feet, comparing closely against the broader submarket benchmark of $3.42 per square foot. Renters evaluating The West versus alternatives like Affinity Condominiums - Building A (which averages 623 square feet at $3.57 per square foot) benefit from a marginally larger interior footprint of 632 square feet while securing a more competitive rate per square foot of $3.52. Conversely, when compared against larger-format properties like Affinity East Condominiums (which provides 801 square feet at $3.08 per square foot), tenants at The West trade down in total square footage for a more compact, modern layout that carries a higher nominal rate per square foot but a lower overall monthly absolute rent.
How do building age, amenities, and developer reputation impact rent spreads?
The West offers an extensive, contemporary lifestyle and amenity profile that matches or exceeds the offerings found across the Aldershot competitive set. Highlighting its modern build, The West provides 9 signature amenities including a 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, a spacious Party & Lounge Room, and a Rooftop Terrace with outdoor dining and BBQ areas. In direct contrast, Seasons Condominiums at 34 Plains Rd E provides a more limited amenity package restricted to a Party & Lounge Room and a Meeting Room. Meanwhile, Affinity Condominiums - Building A at 320 Plains Rd E and Affinity East Condominiums at 340 Plains Rd E feature comparable lifestyle spaces such as Concierge & Security, Yoga Studios, Rooftop Terraces, and Games Rooms, but lack the specific on-site pet wash and resident dining kitchen facilities prioritized at The West. These comprehensive offerings make The West particularly well-suited for young professionals and pet owners seeking turnkey, modern condominium living with robust wellness and social spaces.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around The West.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Party & Lounge Room
- Dining Room & Kitchen
- Rooftop Terrace
- BBQ Area
- EV Charging Station
- Pet Wash Station
Residential Buildings in the Vicinity
- Seasons Condominiums435 m
- 1093 Gallagher Road706 m
- Affinity Condominiums - Building A1.1 km
- Affinity East Condominiums1.1 km
- Oaklands Green D1.1 km
- Oaklands Green F1.1 km
- Oaklands Green B1.2 km
- Oaklands Green C1.2 km
- Oaklands Green A1.2 km
- Dovercourt1.3 km
- Westwood1.3 km
- Jazz Condos1.5 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The West.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.
